2023 ETB to IQD Historical Review

YEARLY HIGH

27.4413 IQD

YEARLY LOW

23.2238 IQD

YEARLY AVERAGE

24.8546 IQD

2023 ETB to IQD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to IQD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 27.4413. Conversely, the yearly low was recorded on December 26, dropping to 23.2238.

This high-to-low spread represents a total annual volatility of 4.2175 IQD. From a start-to-finish perspective, comparing the January average rate of 27.2146 to the December average rate of 23.3391, the exchange rate registered a net change of -14.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 27.4413 was down 7.62% compared to the 2022 peak of 29.7050, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ETB based on timing:

Yearly Peak High 137,207 IQD

2022 Average 140,582 IQD

Yearly Trough Low 116,119 IQD

Transaction Impact: A difference of 21,087.49 IQD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

27.6022

22.9516

JanuMarcMayJulySeptNove

ETB to IQD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 26.0924, compared to 23.6167 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.4756 points.

H1 Avg (Jan–Jun) 26.0924

H2 Avg (Jul–Dec) 23.6167

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 3.0449 IQD (High: 27.2619 / Low: 24.2170). On the other end, September was the most stable month, with a tight range of 0.0856 IQD (High: 23.7642 / Low: 23.6786).

April Spread (Volatile) ±3.0449

September Spread (Stable) ±0.0856

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.5183 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -2.5183

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 27.1795) against the same month in 2022 (average: 28.9008), the exchange rate shifted by -1.7213 (-5.96%).

2023 Avg (February) 27.1795

2022 Avg (February) 28.9008

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.3005	27.1375	27.2146
February	27.4413	26.9613	27.1795
March	27.1620	27.0418	27.1179
April	27.2619	24.2170	26.7829
May	26.9896	23.9753	24.2646
June	24.0986	23.8751	23.9948
July	23.9927	23.7845	23.8679
August	23.9384	23.7019	23.7774
September	23.7642	23.6786	23.7151
October	23.6566	23.3806	23.5417
November	23.5800	23.3065	23.4593
December	23.5745	23.2238	23.3391